Well, I've got a secret to share with you. It's not really a secret, but
maybe you just haven't heard about it yet or haven't taken the time to
explore it. Either way, here it is.
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The
key is to look at the Tokenomics of a project. Don't worry, it's
actually quite simple. Take a look at the Circulating Supply of the
project.
Most people only focus on the number of coins in
circulation, but you should also check if it's "Deflationary" or
"Inflationary".
Take tokens like SBNB, SETH, SCAKE, SLINK for
example. These tokens exhibited deflationary traits and skyrocketed to
100x or even more. To find tokens with deflationary potential, head over
to messari.
Search for your coin and click on the supply
section. You'll find a visual graph of the token mechanism. Now, here's
the real secret.
Focus on investing in projects with a
deflationary mechanism. Why? Because when demand increases and supply
decreases, the price goes up. These are the projects that truly have
scarcity, and they are the ones that can make you 100x returns.
Remember,
deflationary means scarcity. If you liked this post, stay tuned for
more practical advice that can help you become a millionaire in this #BITCOIN bull run.